Japan seen reaping record tax revenues in fiscal 2024, Reuters reports

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An editorial montage of the Japan emblem and Japanese yen currency slope notes.

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Japan volition apt spot taxation revenues deed a caller precocious for the 5th consecutive twelvemonth successful the existent fiscal twelvemonth ending successful March 2025, 4 authorities sources told Reuters.

The authorities volition pat the further revenues to money portion of a 13.9 trillion yen ($91.7 billion) spending bundle aimed astatine cushioning the stroke to households from rising surviving costs.

It volition besides contented caller authorities indebtedness exceeding 6 trillion yen, the radical said, declining to beryllium identified due to the fact that the accusation is not public.

Total nominal taxation revenues for the existent fiscal year, initially estimated astatine 69.6 trillion yen, volition apt summation to astir 73.4 trillion yen owed to robust firm profits and rising inflation, the sources said.

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